888-334-4622
1988 Plaza Ln SW, Atlanta, GA for Sale
Apartments - FOR SALE
1/61
null | Request Cap Rate

1988 Plaza Ln SW
Atlanta, GA 30311
Campbellton Road


HIGHLIGHTS

  • ATTRACTIVE ASSUMABLE AGENCY DEBT: Assumable senior and supplemental loans at a blended 4.45% interest rate at 90%+ LTV.
  • DESIRABLE UNIT MIX: Spacious one-, two-, and three-bedroom floor plans averaging 1,027 square feet.
  • OPPORTUNIT Y TO INCREASE RENTS TO MARKET: Competitors’ rents out pace subject’s market rents by $166+.
  • INTERIOR VALUE-ADD: 100% of units can be updated to a consistent modern standard. Based on comps we expect a $200 premium.
  • SUBSTANTIAL CAPITAL INFUSION More than $3.3 million, or $9K+ per unit, has been invested in asset preservation, curb appeal, and resident experience.
  • LOCATED IN A QUALIFIED OPPORTUNIT Y ZONE: The property is located in a federally designated Qualified Opportunity Zone.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

343

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shamrock Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

401

LAND DETAILS

LAND ACRES

21.01 AC

LAND SF

915,200 SF

ZONING

RG3, Atlanta

APN/PARCEL ID

14-0167-LL-064-7,14-0168-LL-168-5

ASK ABOUT THIS PROPERTY

Dylan AndoneBerkadia Commercial Mortgage LLCMore Info
888-334-4622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dylan AndoneBerkadia Commercial Mortgage LLCMore Info
888-334-4622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.